Apollo Global Management, Inc. - APO STOCK NEWS

Apollo Global Management has launched Apollo HBCUNet, a new platform developed with CareerBuilder to connect students and alumni from Historically Black Colleges and Universities (HBCUs) with career opportunities across its network. The initiative aims to enhance workplace diversity and offer access to job openings in various sectors, while building on previous efforts like VetNet, which has successfully placed over 3,000 veterans. Apollo's commitment to diversity includes partnerships and initiatives focused on increasing representation and inclusion within its workforce.

Apollo Global Management has acquired a majority interest in Total Operations and Production Services (TOPS) from Black Bay Energy Capital. This acquisition aims to bolster TOPS's growth in environmentally friendly, low-emission gas compression services, particularly in the Permian Basin. TOPS specializes in electric-driven compression systems designed for improved performance and reduced emissions. The investment is expected to enhance TOPS's capabilities to meet rising customer demand and advance its proprietary technologies.

Apollo Global Management (NYSE: APO) announced that James Zelter, Co-President and Chief Investment Officer, Credit, will present at Morgan Stanley’s Virtual Financials, Payments and CRE Conference on June 15, 2021, at 11:45 am ET. A live webcast will be available on Apollo's website, with a replay following the event. Apollo is a global alternative asset manager with a focus on providing clients with excess returns through various investment strategies. As of March 31, 2021, the firm managed approximately $461 billion in assets.

Apollo has announced its acquisition of EmployBridge, the leading industrial staffing company in the U.S. This strategic move aims to enhance growth and support complex corporate needs across the supply chain. With an addressable market of approximately $28 billion, Apollo plans to invest in technology and improve the associate experience.

The transaction is subject to customary closing conditions and is expected to finalize by July 2021. Specific terms were not disclosed, but the deal represents a milestone for EmployBridge amidst rising labor demand.

Intrado Corporation has partnered with Permission Click Inc. to launch a new digital solution aimed at K-12 schools, facilitating the automation of manual workflows. This platform is designed to streamline processes such as managing permissions and student registrations, crucial for schools aiming to resume activities post-pandemic. Key features include automation of paper-based forms, easy IT-free implementation, and a unified platform for monitoring approvals. This partnership promises to enhance operational efficiency for over 63,000 schools in North America.

Apollo Global Management announced the promotion of Stephanie Drescher to Chief Client and Product Development Officer, alongside the establishment of a Global Wealth Management Solutions (GWMS) vertical. This new division aims to expand access to private markets for individual investors. CEO Marc Rowan highlighted the firm's strategy to enhance its wealth management channel, addressing the under-penetration of alternatives among individuals. The firm also plans to bolster wealth management distribution with recent hires, including Howard Nifoussi as Head of U.S. Wealth Management Distribution.

Apollo Global Management (NYSE: APO), alongside Merx Aviation, has finalized a sale and leaseback deal with Air France for two Boeing 777F aircraft. These aircraft, manufactured in 2009, enhance Apollo's aviation portfolio amid a surge in demand for international air freight. CEO Gary Rothschild highlighted the 777F's efficiency in transporting cargo over long distances. Merx operates a global fleet across 28 countries, emphasizing flexibility in capital solutions.

Apollo Global Management announced that Co-Founder Josh Harris will step down from day-to-day operations to focus on his investment and entrepreneurial activities. Harris will remain on the Board of Directors and Executive Committee. His transition coincides with Apollo's combination with Athene, expected to close in Q1 2022. Apollo CEO Marc Rowan praised Harris for his pivotal role in building the firm, which has $461 billion in assets under management and reported record fee-related earnings. Harris plans to develop his multi-asset-class investing business and philanthropic efforts.

Apollo Global Management has appointed Craig Farr as a Senior Partner to lead its capital solutions activities in a newly created role. He will oversee Apollo's centralized origination, structuring, and distribution platform. The firm aims to enhance its value generation for clients through less liquid investment opportunities, particularly in private assets, where it originated over $47 billion in 2020. With approximately $461 billion in assets under management, Apollo is focused on expanding its private asset origination capabilities.